Properties by Location
| Province |
Properties |
Leasable Area |
% of Total |
| British Columbia |
4 |
180,294 |
12% |
| Alberta |
12 |
577,553 |
40% |
| Saskatchewan |
3 |
164,126 |
11% |
| Manitoba |
2 |
52,901 |
4% |
| Ontario |
3 |
227,760 |
16% |
| Quebec |
2 |
213,560 |
15% |
| New Brunswick |
1 |
30,619 |
2% |
| Total |
27 |
1,446,813 |
|
21 of PIRET's 27 properties are located in Western Canada, which provides a strong base for PIRET to grow in these desirable geographic areas. Fuelled primarily by the oil and gas and resource sector boom, Western Canada continues to economically outperform the rest of Canada. Continued growth and expansion in the west is expected to support a strong demand for industrial space.
Properties by Lease Term
Term Expiry |
Properties |
Leasable Area |
% of Total |
vacant |
* |
1,250 |
0.1% |
monthly |
* |
1,250 |
0.1% |
2011 |
* |
1,250 |
0.1% |
2012 |
4* |
131,130 |
9.1% |
2013 |
1* |
24,687 |
1.7% |
2014 |
* |
14,835 |
1.0% |
2016 |
1 |
164,525 |
11.4% |
2017 |
1 |
32,351 |
2.2% |
2019 |
1 |
87,452 |
6.0% |
2020 |
2 |
218,817 |
15.1% |
2021 |
7 |
256,967 |
17.8% |
2022 |
1 |
67,511 |
4.7% |
2030 |
1 |
49,035 |
3.4% |
2035 |
7 |
395,753 |
27.4% |
Total |
27 |
1,446,813 |
|
88% of the portfolio's gross leasable area is leased for terms which expire in 2016 or later with built-in contractual rental escalations.
|
